Barclays has agreed to buy the retail banking arm of Tesco Bank for approximately £600 million, acquiring its 2,800 staff. The deal is worth up to £1 billion, with Tesco Bank selling credit cards, loans, and savings operations to Barclays. The sale includes a 10-year agreement for Tesco-branded products and a post-settlement payment of around £100 million, with the majority of proceeds to go towards buybacks. Barclays has also committed to phasing out direct financing of new oil and gas projects.
A #Birmingham branch of Barclays was forced to shut after activists staged a 'die-in' protest for Gaza Barclays has been accused of 'supporting' Israel’s attacks on Palestine - an allegation the bank denies @birmingham_live https://t.co/VKYyMVtZzY
Barclays announces 22 more branch closures - full list of locations shutting https://t.co/LMQQ4DAgKI
Barclays has agreed to buy Tesco's retail banking arm for a consideration of around $757 million. https://t.co/GqP6buwKpx
ICYMI: Barclays has agreed to acquire the majority of Tesco’s banking business, along with around 2,800 staff, following regulatory approval. https://t.co/MPv7P7tUG1 #Tech | #News | #Banking
Barclays closing 22 locations: When and where will these branches be shutting and is your local affected? https://t.co/SnXxNUu0iY
Tesco to sell bulk of banking business to Barclays for £700m https://t.co/qdllADDIdW
Barclays has pledged to stop directly financing new oil and gas projects and move capital toward supporting companies engaged in decarbonization. https://t.co/IKuQneOizO
Barclays’ commitment to phase out fossil fuel financing is a step in the right direction. Now it’s critical that U.S. banks follow suit. The energy transition urgently requires the biggest financial institutions to do their part. https://t.co/FGliVcn0eN
Hundreds of Newcastle Tesco Bank staff to transfer to Barclays after £600m deal https://t.co/iWIrVVqJJY
Tesco has announced the sale of its banking arm to Barclays in a deal worth up to £1bn. Read more 🔗 https://t.co/EHxd7bEthm
Barclays has made a couple of big announcements today. The Tesco deal is getting most of the attention but bank has also committed to stop “directly” funding clients “new oil and gas projects”. Since 2016, no other UK bank has done more to enable the extraction of fossil fuels… https://t.co/Mioc6fF9nK
Tesco Bank sells credit cards, loans and savings operations to Barclays https://t.co/fVxv0BVGBX
Tesco "admits defeat" as it sells bank arm to Barclays for £700m https://t.co/Y9qXF1fOBL
Tesco has sold its banking arm to Barclays.
Big banking news this morning with Barclays agreeing to acquire the majority of Tesco’s banking business, along with around 2,800 staff, following regulatory approval. Click below for more details 👇 https://t.co/EyxXMWZRoz #Tech | #News
Tesco sells bank to Barclays 10-year deal to provide Tesco-branded products Existing ops. sold to $BARC for ~£600m ~£100m post settlement, £250m dividend Overall ~£1bn proceeds; majority to go to buybacks $TSCO to be paid annual income for brand Will retain insurance biz., etc. https://t.co/ehDPMNLcHG
BREAKING: Tesco Bank sold to Barclays in deal worth up to £1bn Read more on this story 🔗 https://t.co/JI5apbUABf
Bolt on M&A continues in the banking sector : *Barclays to acquire Tesco's Banking unit for £600m
Barclays to buy most of Tesco’s banking business for £600mn https://t.co/k1zS5D1ZSn
BREAKING Tesco Bank agrees sale to Barclays bank - what it means for customers https://t.co/VrC6v8V2TO
Barclays to buy U.K. bank of supermarket chain Tesco https://t.co/6A1txODCj1
Barclays to buy retail banking arm of Tesco Bank acquiring approximately 2,800 staff https://t.co/mRkQ6rxTet
Barclays says it will acquire Tesco’s banking business as the lender seeks to establish a greater foothold in retail banking in the UK https://t.co/KbSw7NHbUg
Barclays to buy retail banking arm of supermarket chain Tesco for £600 million https://t.co/hjGW5EMQOf
#Breaking Barclays has agreed to buy the retail banking arm of Tesco Bank, including acquiring its approximately 2,800 staff, it has announced https://t.co/EdRH0jGadk
BREAKING: Barclays has agreed to buy the retail banking arm of Tesco Bank, including acquiring its approximately 2,800 staff, it has announced. https://t.co/OeJVYJTvJD